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to reach a sweet deal. >> reporter: more uncertainty over the unstable greek economy. european be officials failed to reach a deal on giving greece more aid. financial leaders had differences over how long greece should be given to reduce its debt. they need to agree on the issue before greece to receive its next bailout loan. >> asian markets shook off the news and headed higher as the yen hit a seven month low. nikkei add 1% to finish at a two month low while the hang seng gained 1%. federal reserve chairman ben bernanke is pushing for a compromise on the fiscal cliff. in a speech tuesday he said if president obama and congress can resolve the crisis unemployment would go down and the economy would grow. falling oil prices and an announcement that hewlett packard is taking a $9 billion write down. the dow lost just over seven points while the nasdaq was mostly unchanged. shares of home builders rallied on news that home construction jumped in october to a four year high. construction of apartment buildings was especially strong up 10%. and it looks like hostess's twinkie is cooked. the s
. israel says it will end air strikes and will ease border restrictions that have stifled gaza's economy for years. after a deal was reached the residents poured into the streets of gaza, cheers and celebratory gunshots replaced the sounds of gunfire. in tel aviv most israelis were happy to hear the news. >> i would like to believe that no fighting is always more good than fighting. >> reporter: egypt's new islamist government was the driving force behind the negotiations to end the conflict with diplomatic help from secretary of state hillary clinton. clinton spent two days shuttling between jerusalem, west bank and cairo. >> people of this region deserve a chance to live free from fear and violence and today's agreement is a step in the right direction. >> reporter: clinton expects egypt to play a key role in maintaining peace. now israel's prime minister benjamin netanyahu said he's willing to give the cease-fire a chance but holds the possibility of resuming fighting. head of hamas said israel is destined for defeat. >> susan mcginnis in washington on this thanksgiving morning. thank
on the global economy. this morning, asian markets were mostly up on the news of record retail numbers. and wall street investors like the sight of packed stores during an abbreviated session on black friday. the dow added 172 points to once again move past the 13,000 mark. the question now is whether the shopping surge continues online today. an estimated 129 million shoppers are expected to hunt for deals on the web. retail analysts expect this cyber monday to be the biggest online shopping day of the year. the firm comscore predicts americans will spend $1.5 billion online today, an increase of 20% over last year. >> some people like the social aspect of being in the store with others, some people like to shop in bunny slippers. for some it's the anonymity and convenience of doing it 24 hours a day from their own living room. >> reporter: smartphone shopping is on the rise as well. this year an estimated 25% of shoppers are using mobile devices to find the best deal. that's nearly twice as many as last year. and the trend will likely keep going up. if you're going to be shopping online this y
for the future of the economy than just big homes. >> reporter: economists who favor lowering the mortgage interest deduction cap from a million dollars to $500,000 say it will help cut the deficit, keep interest rates low, and that could help the housing market all by itself. dean reynolds, cbs news, chicago. >> u.n. ambassador susan rice returns to capitol hill today her meeting with lawmakers yesterday to discuss her explanation of the attack on the u.s. consulate in libya didn't go over very well. she met with three republican senators strongly opposed to her possible nomination to be secretary of state. they were not satisfied with her explanation. >> all i can tell you is that the concerns that i have are greater today than they were before and we're not even close to getting the basic answer. >> following the benghazi attack rice said the assault grew out of a protest and not a terrorist attack. yesterday she said that was incorrect. that there was no protest or demonstration in benghazi. >>> overseas now in egypt the largest crowd yet have turned out to demonstrate against presiden
Search Results 0 to 3 of about 4